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i don't know about you but i cannot wait for becky quick to sit down with warren buffer et on monday and we get the word from the oracle of omaha. i understand to be quite bullish. which is a nice change of pace from a lot of what i pear aheard all the time. and i think he is richer and better than guys i hear from. i'm jim cramer and i will see you monday.

good evening everyone i'm larry kudlow. this is "the kudlow report." the budget cutting sequester is on but not before president obama takes the national stage one more time to bash republicans to refuse to take any personal responsibility and play to the nation's worst economic fears. i have to disagree with him. for me lower spending and limited government are good for economic growth. i wish there were deeper cuts for a stronger free enterprise economy. but even before the sequester really starts it looks like the only ones panicking are in the government. the ap is reporting the fed released 2000 illegal detainees in february. now there are plans to let another 3,000 go. supposedly to cut costs in the face of the sequester but no one not even janet napolitano is taking any responsibility for the decision. and how did markets respond to the sequester deadline today? the dow finished with its third

highe jefest close of all time. investors are hardly panicking. in fact i suspect many of them favor more limited government. "the kudlow report" begins right now. we have all the angles covered as the sequester deadline goes into effect. we have john harwood on the latest political developments. eamon javers in maryland. and bertha coombs here at cnbc world hk. let's go to john harwood first. >> reporter: this was the day we transitioned from the attempt to avoid sequester to the attempt to use it in order to achieve the budgetary ends that each side wants to have. there was one last meeting at the white house. it failed. the president came out and

warned today that the effects of the sequester would be very real. >> not everyone will feel the pain of these cuts right away. the pain, though, will be real. beginning this week many middle class family will have their lives disrupted in significant ways. >> reporter: president obama is going to pound away at that message and until and unless he can get republicans to go along with him on the issue of some higher tax increases as part of a budget deal. they haven't so far. john boehner, mitch mcconnell as well said they wouldn't. we go to eamon javers in fredrick, maryland. >> reporter: we're in fredrick, maryland. this is a town that's heavily dependent on federal spending because they have ft. detrick with 10,000 employees just outside of the town. ing talked to community officials who say they are worried about everything from funding for the local airport control tower to bullet proof

vests for the police department. but when you talk to people on the street here you get a variety of opinions about what the impact is and whether or not we should cut federal spending. >> they are needing more and more tax revenue to pay for the programs they have. they need to cutback. i'm a fan of smaller government. >> i think that we have responsibility to help those that cannot help themselves. and perhaps we're spending too much in certain areas but i wouldn't want to see any of the social services cut. >> reporter: so in this town a lot of confusion, a lot of uncertainty and lot of mixed opinions. let's toss it over to bertha coombs. >> reporter: from main street to world series, world series shrugged off the sequester deadli deadline. the dow ending the week within 75 points of an all time high. all three major indices ending

the week up like this, grinding higher. salesforce.com closing at an all time high. best buy and gas results were strong. investors cheered groupon ceo's ouster. but tim cook telling shareholders he feels their pain about the stock's decline didn't help, larry as apple ends the week at a two year low. >> there you have it. >> i say cutting government spending is good for economic growth. i don't understand how the president can say raising taxes is good for the economy. but somehow government spending is not. what sense does that make? by the way, after tax income today fell by the most in 20 years in the january report. that after the hike in payroll and other taxes. there's a lesson there.

here to debate, cnbc contributors robert reich and cato institute senior fellow dan mitchell. dan mitchell the president said these rather small budget cuts in my opinion will take one half a percent off gdp and throw 750,000 people out of work. you buy that? >> i don't buy it for a second and if he was really serious and worried about these people he wouldn't have taken that golf outing with tiger woods because that right there cost the same amount of known taxpayers that could have avoid furloughing several hundred government employees. this is all empty politics. the underlying economics, he's still a keynesian. he was a keynesian promoting more government spending in 2009 that failed. now a keynesian in saying if we slightly reduce the growth of

government spending by 1.2% the world will come to an end, the economy will come crashing down. no. not at all. this sutter nonsense. we had this same debate in 2009. the kenyans were wrong. their predictions didn't come true then. i guarantee you if we hold the sequester their predicts won't come truetter. >> robert in 2013 this year taxes are going up about $150 billion. the spending cuts $44 billion. to dan mitchell's point a couple years back in 2009 and 2010 i heard from you and others how important it was to have this government stimulus for the economy. the economy by now should be growing by 4%. it's not. it's barely 2%. the unemployment rate is predicted to fall below 6%. it's not. it's close to 8%. if spending hikes don't do the job let's open up the private-sector with spending cuts. >> we'll see if spending cuts do

open up the private-sector. the experiment we're upon to embark upon will prove whether you're right or i'm right or dan is right. 20 million people are unemployed or underemployed. consumers are holding back because the median wage continues to drop and government is starting to cut $85 billion this year and if the sequester holds it will be cutting even more. we might have a dead lock over the march 27th continuing resolution to fund the government. we will see. my prediction is the economy will slow. we'll not go into recession. but we'll see higher unemployment and we'll see revenues drop substantially. that's my prediction. we'll see. >> by the way, just in terms of the next six months to the end of the fiscal year the actual spending reduction is 44 billion. the reason i say that it's a very moderate, very gradual

reduction in spending and ramp up over years but it starts very slowly and dan mitchell here's another factoid. the federal reserve is pumping $85 billion per month into the economy with their bond purchases. the whole budget authority, the spending authority that's scheduled to be cut is 85 billion for the year. now if the bed is punching in over a trillion dollars per year and the whole spending cut is 85 billion what do we have to be worried about? the fed is covering this and much. >> the fed is pushing on a string, they are creating these reserves but the banks are keeping them at the fed in the form of excess reserves. the monetary policy by bernanke is not effective at all but that's good because if it was effective we would see inflation. this is trivial growth.

the burden of government will be higher in 2013 than 2012 but we did this experiment. government spending fell during the reagan years and the clinton years when he was in the cabinet. he should take credit for this and we got stronger economic growth. during the first bush years, first president bush, second president bush and during obama we got more government spending and those have not been very good years for the economy much less just look at the evidence from europe where heavy burdensome government is associated with a fiscal crisis. >> let me agree with dan, pushing on a string that's what the fed has been doing. if you don't have an expansive fiscal policy, if your consumers are actually finding themselves in dire straits because the median wage is dropping fed monetary policy will not have much effect whatsoever. i disagree with everything else dan just said, though. but let me just underscore one

point and that is we are really at the beginning of a series of showdowns and those showdowns also include that, you know, we will have for the next four, five, six months that goes all the way up to raising the debt ceiling. if we have paralysis with regard to fiscal policy and where, whatever baseline you're using larry i don't care. the fact of the matter is if government is pulling back from what it otherwise would be spending and on top of that if you have a tax increase in the form of the payroll tax increase -- >> which is dumb. >> yes, exactly. >> that's the part i don't understand. >> the payroll tax increase was wrong. >> the president with a straight face today says it's okay to raise taxes on wealthy people and oil and gas companies. that's okay. but it's not okay to cut spending. guess what? he has the story backwards. like every business in this

country large and small that had to tighten its belt the government should tighten its own spending. >> what you are not saying, larry -- what you are not saying and i'll use a fancy economic term, the marginal propensity to consume of the rich is much less than middle class. >> so it is not. >> of course it is. >> taxing rich people -- >> where do you think the savings comes from in this country? you think the savings come from the poor? >> bashing the upper end. at any point whole economy to grow. dan mitchell come on in this. i want the economic pie to grow for everybody but, dan, i don't see how attacking the wealthy people, the successful investors and business owners possibly creates jobs for the middle class. that's the part i don't know. that's the part that mr. obama has had wrong now for four is

going on to five years. >> with due respect -- >> you are a dear friend, you have no idea about history for the first three decades after the second world war, our marginal tax on higher incomes was much higher and we grew faster. there's no correlation between high income tax on the rich and economic growth. >> dan, i'll give the last word. >> you find it. >> first, look at hong kong and singapore compared to france and italy if you don't think marginal tax rates matter. but on bob's point that's a keynesian point. the whole purpose of pro growth policy is to generate more income. you don't impose more tax rates on productive behavior. or diverting resources from the productive sources of the economy. >> you're both great. i got to go. >> we'll see what happens.

>> sometimes when you come east i want to take you to dinner with the great french economic philosophier who wrote around 1800. >> as long as we go to a cheap restaurant. >> he said we produce in order to consume, rocket reich and that's one thing i haven't been able to teach you all these years. >> i want to go to a cheap restaurant and i'll take you out. >> thank you gentlemen. i want to get back to how the sequester will affect your money. stocks are ever so close to their all time highs. it looks like stocks are supporting the budget cuts. later, what is the explanation for the feds releasing 2000 illegal immigrant detainees last month and another 3,000 in march? is anybody taking responsibility for this? homeland security chief janet napolitano says it wasn't her idea. free market capitalism is the

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on wall street the dow closed at a five year high

posting its third highest close ever. all three major averages closed the week in positive territory. here now is senior vice president of investments at u.b.s. is this sequester going to ruin the stock market >> of course it's not going to ruin the stock market. we've known about this for a month. we knew they wouldn't reach a teal. stocks have gone high center why? hedge funds, smart money, money managers, institutions they know spending cuts at the end. day are good for the economy and that any talk about spending cuts even if it's forced is better than no talk at all. they also know all this doom and gloom stuff, doom and gloom rhetoric they are using to decry what these spending cuts will do it's nothing but hyperbole. so the stocks like all this. they think it's pro growth in the long run.

they like even better what ben bernanke said this week. they responded more to that. >> that may be as i try to persuade our other panelist the fed will pump $85 billion a month into the economy probably as long as i'm around on this planet that's for sure and they will take their sweet time taking the money out. the combination, you make a good point. the combination of ever so little spending restraint and i mean that, $44 billion and a whole lot of stimulus how does that stack up to the stock market outlook? >> it looks really good. if you look at the economic data we've been receiving it's okay, a little bit better. not so much that the fed is forced to take the gas off. investors see this. every day i talk to business people that are putting money network because they are sick and tired of 0% interest rates and sick and tired of sitting on the sidelines.

as long as we have that environment we'll see more and more risk taking. yes. will this come to a bad end? i think will. grinning your way to prosperity is not a pro growth policy. built for now, the stocks are the best game in town. they are moving. they give you a chance to beat inflation. we have enough groups of stocks moving to argue this is a bullish environment. >> what the ism manufacturing report. came out much better than people thought. inside that report the new orders component and yesterday core capital goods were pretty strong. it looks to me business investment and manufacturing may be having a little come back sequester or not. >> i think so. i like that core cap number first positive print we've seen in quite some time and it signals we're not entering into a recession. i think we'll have a sweet spot

for a little while, while the economy sim proving and where corporations can make money in this environment with their lean and clean balance sheets but not so hot on the economy where the fed will take the foot off the gas. for now we have a sweet spot. we have issues and a lot of nonconfirmation on this market. we may have to consolidate for a little bit. but the market is still bull squish. >> thanks. now we have some late breaking news about the keystone pipeline. a statement from the state department tonight is just out and it's good news for jobs and energy and the pipelines and we will have all the details next up.

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i'm with scottrade. (announcer) scottrade... ranked "highest in customer loyalty for brokerage and investment companies." let's get right to some very good news on the keystone pipeline. cnbc bertha coombs joins us again with that and some more. thanks, bertha. >> reporter: the state department giving keystone what could be a major boost, a 2,000 page report released today says there would be no major environmental impact from building the pipeline with that new route through nebraska. there are several steps that need to happen before it can be approved but for a project that's been pending for 4 1/2 many are seeing this as a major step forward. the department of homeland security releasing 2,000 illegal immigrants facing deportation ahead of the budget cuts. the ap is reporting that dhs is planning to release 3,000 more

but the plan became public. now secretary janet napolitano being criticized over this plan with senator dan coats ask herb to explain it. napolitano has already admitted she regrets how this was handled. >> many thanks. let's talk some more about this illegal immigration business. joining me on set for the remainder of the hour, cnbc cricketer, and federal information prosecutor andrew mccarthy author of the new book "spring fever, illusion of islamic democracy." oil ask you this as a guy who was an immigration reformer but i do not understand the release of thousands of illegal immigrants, i don't know who has the authority to do this or why they are doing it. >> evidently no one at the administration knows who has the authority to do it because everybody seems to be pointing at everybody else from what i understand. there was no reason to do this.

it's inexplicable. that's a massive bureaucracy at dhs. prioritizing in an adult way -- >> thought judges could release. >> the executive branch always has the forerelease prisoners. in fact in a criminal proceeding when they sentence someone they commit you to the custody of the attorney general. it's an executive branch call. this was not an executive branch call that to be made whether for budgetary reasons or other reasons. >> people are saying president obama and secretary napolitano are behind this because it makes the sequestration budget cuts look bad. >> a lot of people say things they can't prove. going back to the evidence is important. i would echo part of what andrew said. it's a controversial matter when you see the executives get prisoners orda s or detainees o

because of money process. >> i got to go on but quickly how do we know these are not dangerous people. some may not be. some may be dangerous. >> they can't possibly know if they mass release the people they did and the fact that somebody is not rap sheet dangerous doesn't necessarily mean he's not dangerous. >> we'll get more on this later. leading student newspaper apartment harvard tells conservatives to take a hike. don't even apply there. are they kidding? we'll talk to the president of the harvard crimson who wrote this obnoxious editorial. but first up president obama used his news conference today feel size the most dire sequester consequences, i think in order to blame the gop, in order to lead a democratic house victory in 2014, and in order to divide the country. but not every president has act this way. listen to this. >> whatever else history may say

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welcome back to "the kudlow report." i'm larry kudlow. in this half hour while the nation debates federal budget cuts we have a real life example when you don't cut. that's the city of detroit. the governor of michigan has declared an official fiscal emergency and appoint an emergency manager to take over that city's finances. we go live to detroit for the latest on all that bad news. and how obnoxious could those harvard kids get pap new editorial goes after conservatives and suggests they not even bother to apply to the school. we're going to talk to the president of the harvard crimson who published that anti-free speech editorial. >> president obama wasted no time today blaming the gop for what he called dumb spending cuts. please take a listen. >> we shouldn't be making a

series of dumb or b arbitrary t that people depend on like education, research, infrastructure and defense. let's be clear. none of this is necessary. it's happening because a choice that republicans in congress have made. they are saying that it's more important to preserve these tax loopholes than it is to prevent these arbitrary cuts. >> so let me get this right. it's okay to jack up taxes. but it's not okay to cut spending. this is not free market economics. what's more, obama refused to accept republican amendments that would have given him more flexibility to implement the spending cuts in a gradual way. you know why? he doesn't want to own any part of this story. so let's talk. here now live from washington, d.c., cnbc contributor robert costa of national review still with us here at headquarters is

ari and andrew. bob, what happened at that meeting today? they didn't serve sandwiches? >> they probably served a little bit of food. i know not much from what i hear from my sources. but larry one of the most interesting things coming out of this meeting was an acceptance by the white house and congressional deposition that the sequester shapg. you see on capitol hill an acceptance these cuts are going to go through. the next battle is the continuing resolution to fund the government. president obama looking to get some tax hikes and revenue attached to that because he knows that the republicans just didn't blink when it came to the sequester. >> my thought on this, i think the president really wants to make this the nastiness, worst budget cutting possible. he doesn't have to. republicans are giving him all kinds of flexibility option, switching of funds all that can be done. obama wants to make it very harsh a, to blame republicans when people get teed off and to

worsen the economy and blame republicans again. >> that's right. republicans see the president playing "hardball" chicago style politics. knees how to win the pr battle. knows how to but republicans in a corner and tell thems there's going to be major cuts that will hurt them back home. john boehner and mitch mcconnell are stealing their colleagues in the republican conference they better stand strong because they can't bend on spending cuts. these are real cuts and most conservatives cheering them. >> as i gather from speaker boehner's remarks and elsewhere they will stand tough on tax increases. >> that's right. from what i heard from people who knows what went on at the white house today nothing happened. that's real news because if the republicans are not scrambling to cut a last minute deal that means when it comes to the continuing resolution that's coming up in late march and potential replacement to the sequester they are not open to tax revenue and that's why you see wall street responding so

well and republicans are cheering that the sequester is happening. >> i do think if the president wants to make this the toughest, hardest budget cutting exercise, he doesn't have to again but if he does he basically is trying to for the republicans to say uncle and renegotiate the sequester as they go through this continuing resolution. is that a possibility? is that a motive from the white house? >> i think you will see some movement from the right, from republican leaders about replacing some of these pentagon cuts. they want to replace a lot of the defense cuts with perhaps to cuts to medicaid, food stamps. republicans are talking about the two bill they passed to replace the sequester in 2012. those were domestic programs. >> i leave it there. robert costa as always thanks very much.

gentlemen, let's comment on some of these discussions with mr. costa. ari, i got to tell you, i really see some duplictous movement by the white house. this is what this is about. >> i don't think it's about that. i don't think they set up this deal. bob costa gave the game away, they want to go after food stamps. fine. that's what you want to do during a recession be honest about it. >> why can't we trim them back. food stamps have gotten out of hand. >> this is what i would say. >> we all know it. >> you worked in treasury, you worked in government. omb. you know about the super committee. you know it is a bipartisan problem that neither party wants its name on cuts. so this republican game of saying let's kick it back to the

white house, you do our work for us, you take the hit for cutting things, military bases are popular all over this country not just in blue states and so they got a big problem here because they can't actually pinpoint things they want to cut. that's why they are running around trying to blame the president. >> i think the republicans would like more flexibility to make it easier and more gradual to make these cuts. i think the party is resigned to the cuts. what i don't see, andy mccarthy and this troubles me, you mentioned bob woodward. he was right. this was a spending cut sequester. the president signed it. stood up before the whole country back in 2011. now he's changing the goal post. suddenly now this is a revenue, tax increase sequester and i think that's created so much mistrust with the gop that they cannot negotiate. >> i think there's no question that there's mistrust. the president not only signed this and there are, there is every indication this was his

idea he also publicly said i will veto anyone who tries to unwind this. he obviously said that at the time because it was election season and at that time he had a motive to look very strong fiscally or very firm. now, of course, his motivation is different, his position is different. but i do think ultimately he's winning. the republicans seem to have stood strong today but that's because the default position do nothing meant that there would be $85 billion in cuts. i don't know if that's going to hold true at the end of the month when we have the next round. i think you've already heard some indications if they were going from a clean slate there's some republicans who actually would entertain revenue raising. >> don't think so. i think you can find one or two of the really hard core military guys in virginia. i'm not hearing that. i think the gop will stay tough and keep the lower baselines

together. i want to ask you, ari, before we go out on this, if there's no recession, if we don't lose $750,000 jobs, if the sky doesn't fall, if the country doesn't break up and have some kind of shooting civil war, obama will look pretty silly. he'll have a credibility problem. wait a minute. this spending cut stuff wasn't so bad we might want to do it again and help it. >> we have another crisis on the government shutting down. polls do show if you believe them that people blame the republicans more for these standoffs. as to woodward, bob woodward is a reporter at the "the washington post." even before his whole problem around what you'll regret the post decided to put his gold post piece in the opinion section not in the news section because it's his opinion. >> it's clear. he's trying to push -- he has

had 180 degree switch. and i don't like that. he's gone from a spending sequester that he invented and that he said he was going to implement. now he doesn't want to cut spending and he wants to raise taxes on rich people once again. you saw the payroll numbers collapse today the income numbers. tax hikes are not the answer. >> last thing, this president has cut the deficit more than the last republican president and he gets no credit -- >> that's not hard. >> it may not be hard but he did it better than the republican president. >> by 2007 george w. bush had the deficit to gdp share down to 1.6%. that's a fact. that's a fact. i know it fell in 2008. i hate to see bush get blamed for everything in the world. i got to get out of here. you guys stay. robert costa thanks very much. andrew and ari are stick around. you want an example what

happens when governments refuse to make budget cuts? take a good look at the city of detroit. that's where fiscal state of emergency has been declared. the governor is about to take over. we go live to detroit. it sounds like greece but it's actually in michigan. stay with us for this report.

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this is not the time for finding blame. this is a time to say there's a financial emergency in detroit. i want to solve it. >> all right. call it the motown blues. michigan governor rick snyder declaring a fiscal emergency in stroit. he's setting the stage for a state takeover of the city's finances. they face $327 million budget deficit, $14 billion in long term debt and is on the verge of becoming the largest municipal bankruptcy in u.s. history. my question is an easy one when will out of control government spending end and what can we learn from this detroit massacre. joining me now is doc thomas. so, doc, the moment of truth has come. greece has come to detroit.

>> it has. as of now, larry, detroit has been in a fiscal emergency for 30 years. everybody acts like this has happened overnight. what happened to detroit is what happened to a lot of cities. i'm coming to you life from cleveland my home town. cleveland has gone through this. if towns like cleveland and detroit and milwaukee want to get back on track they have to realize that the world has shifted and what jobs left and haven't left the country they've left their cities and gone down south. >> half the population has left detroit. half the population. and so what you're now left with is these government unions, pensions are out of hand and medical benefits are out of hand and frankly it sounds just like the federal government. just like the federal government. >> you're absolutely right, larry. on top of it you have a lot of people in the city of detroit that refuse to get it. you have councilwoman like joanne watson who wants to play

the race game that want somehow this is racially motivated. it's not. it's economic. the jobs have left. like you said the overspending continues. the cities cannot continue the way they have been. >> aren't we really head, though, eventually to a managed bankruptcy. they can start with the, appointing somebody to marshall the finances but to unwind not only the debt but also this massive government bureaucracy that could be only ticket for that is a managed bankruptcy. >> doc you'll need that to break the union contracts. we went through that in new york city and new york state in the late 1970s. only option is to go to court, go into bankruptcy and that bust the contracts and rewrite everything. >> of course the emergency management law we have in detroit is weaker than they tried to put in and got shot down last november. breaking the contracts and reorganizing it is part it. but what's the final goal? what's the best we can hope for.

the governor almost presented it like we're going to see these great hey days in the detroit. what can these cities hope to have? the best they hope to have is what? a service society and compete with the places down south where it's warm? we're not going to be in those situations. at best, the best we can hope for is they get out of their debt. >> housing in detroit is dirt cheap. i'm quite serious about this for young people. you can buy homes, i've seen unbelievable stories you can buy homes and repair them dirt cheap. you have your natural gas revolution. detroit could become a techie city, even a techie manufacturing city. poits. cleveland -- look cleveland had a come back. >> you got to come to detroit. i'll show you what it's like.

you can get those house dirt cheap but what you're buying is dirt cheap houses. they are not good, larry. >> where is ford, general motors. are they hanging around detroit? >> of course. a lot of the american made cars are made in mexico and other places. auth different world. there could be a turn around. without some true innovation like a tech, a brand new tech type industry coming to detroit and cleveland and other cities like that it's not going to happen. >> you have to take care of these finances. you have to down size all these government unions. i get that. then you have to lower tax rates and then let the rest of the free market take care of itself. you can get out of this mess. >> my prediction. my redisc is it's not going to happen. we'll have the same conversation ten years from now and fewer jobs and fewer people because they will be moving down south. >> we'll have this same conversation in three weeks. doc thomas from detroit radio, thanks very much. >> what do you make of this

harvard student newspaper writing that conservatives shouldn't even bother to apply to the school in the first place. we're going to ask the harvard crimson president why he would write such a dumb piece and then we'll talk to grover norquist who is furious about it. harvard crimson off the charts. instead of any one of those other places out there. they are going to take care of my car because this is where it came from. price is right no problem, they make you feel like you're a family. get a synthetic blend oil change, tire rotation and much more, $29.95 after $10.00 rebate. if you take care of your car your car will take care of you.

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too much time at harvard or not working in the real world. >> politicians are upset with mitt romney and ted cruise that attack the liberal culture at that school. the university's leading newspaper harvard crimson is out with an editorial warning conservatives not only to enroll but don't apply to the school if conservatives have a different point of view. this is not a good story. joining us shortly i think to defend his indefensible eddie tor rail is the president of the harvard crimson his name is bobby samuels. we'll try to get him on the phone or in front of a camera. i hope he's not fleeing our coverage. but first we have an angry grover norquist, a graduate from harvard university where he was an editor at the harvard crimson. ari and andy or i didn't go to harvard but we'll talk about

this story. i'll read a piece of this editorial. quote. if we could have spoken to the three men, talking about senator ted cruise, mitt romney and bill o'reilly of fox news if we could have spoken to these three men we would have told them never to even come to cambridge. what is that all about? >> well, i worked at the crimson when i was at harvard '74-'78. it was a great place for conservatives to go at harvard and even the crimson. you know the song "the boy named sue" when i got down to washington, d.c. the conservative whose had been through the eastern schools were smarter and tougher than all the liberals because the liberals don't challenge themselves they go to harvard, nobody challenges any of their assumption, they don't learn anything in four years because they go in with all their prejudices and come

out unscarred by any challenge or reality or anybody asking them difficult questions. conservatives would be asked 20 times a day to justify any position they took. it made you smarter, tougher and better. >> why would the crimson do this? senator ted cruise, let's go, he went to law school there. he said they are marxist on the faculty. bill o'reilly attacked harvard for having some kind of weird kinky club or sex thing. i'm not sure. mitt romney, as our clip showed took a whack at obama for being too liberal and staying at harvard although romney i believe has two degrees from harvard. grover suppose these guys mouth off and say the place is too liberal. what happened to free speech? in other words why would the crimson be defensive and goofy and say we don't want you, don't come here. what happened to free speech and good debate >> they are not advocates of

good debate or free speech. they want everybody to agree with them. they sound like alabama in the 1950s wanting these other guys tomming into their territory. america love it or leave it. if you don't agree with us go away. they are not up for debate because they are not capable of baking the debate. they are not willing to put the time and effort into it. they want to believe stimulus spending creates jobs and they don't want to be asked to deal with the reality of what their policies and ideas have done. >> grover, this is ari. you know, i thought the editorial was absurd and i think anyone can see that. whether it's an institution or country or neighborhood you want people in who can debate it openly and not say this is only for supporters. having said that and probably agreeing with you don't you think they hit on a legitimate part we just watched mitt romney run for president and basically try to hide the fact that he grew up as a really rich elitist guy with a lot of opportunity

and privilege. the president talks about sometimes how he has money and privilege and that's why he's willing to pay higher taxes -- >> doeb is >> bobby samuels is there. quote, if we could have spoken to three men you're talking about cruise, o'reilly and romney we would have told them never to come to cambridge. you don't want them to apply. come on buddy, where is the free speech? >> well, you know, i think we all are. you know, i think the main point of the editorial was not that we're trying to limit free speech at all. in fact i think one of the tenet of any journalist organization and certainly the crimson is to foster free speech and free debate. the point we were making there's a certain hypocrisy almost in

coming to a school and utilizing it's educational resources -- >> so what. i was a persecuted student at princeton. a lot of people shared that whole thing. my response to you young man, so what? let them talk? what do you care? mitt romney lost any way. andy mccarthy. >> that's not the point of the editorial. if you were just making an gupt that said we're against hy hypocrisy everybody would cheer an argument like that. what you're saying if you say x if you take this position don't dome our nice university. how is that a promotion of free speech. >> the position is more that -- the position is more that there's an inconsistency with using sort of these hypocritical arguments for political gain. the mitt romney point is an

interesting one that he said obama spent too much time at harvard. he was leveraging harvard in a political way. >> bobby were you being literal or tongue in cheek? >> i think -- >> we got a whole thing here. [ male announcer ] i've seen incredible things. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far away. ♪